Lebenthal Global Advisors LLC Buys 16,806 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Lebenthal Global Advisors LLC boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 37.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,585 shares of the real estate investment trust’s stock after purchasing an additional 16,806 shares during the period. Lebenthal Global Advisors LLC’s holdings in Annaly Capital Management were worth $1,127,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its holdings in shares of Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 850 shares during the period. UMB Bank n.a. lifted its holdings in Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 647 shares during the period. Blue Trust Inc. boosted its position in Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 717 shares during the last quarter. Quarry LP bought a new stake in shares of Annaly Capital Management during the 2nd quarter valued at about $36,000. Finally, Toth Financial Advisory Corp increased its position in shares of Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 576 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

NLY has been the topic of several recent research reports. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, October 31st. Royal Bank of Canada raised their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays assumed coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $21.22.

Annaly Capital Management Stock Performance

NLY opened at $19.84 on Tuesday. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of -283.36 and a beta of 1.51. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11. The company has a fifty day moving average of $19.25 and a 200 day moving average of $19.70.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.11%. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Annaly Capital Management Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.